Jahangir Hajiyev: “Azerbaijan must have 20 banks as an optimal degree”

[ 16 November 2012 14:41 ]

Baku. Nijat Mustafayev – APA-Economics. The optimal degree of number of Azerbaijan-based banks must be 20, said the Chairman of Board of Directors of International Bank of Azerbaijan Jahangir Hajiyev.

He always considered that Azerbaijan had so many banks. Therefore, Hajiyev supported increase of minimum requirements applied against capital by CB.

“I always supported market regulation. The banks that want to increase authorized capital will do that, because this is important for banks which need high positions”. According to him, the banks that can not increase capital will have to be consolidated.